“Apple COO Cook has affirmed that 10 million iPhones will be sold in 2008,” Stephen Rosenman writes for Seeking Alpha. “Let’s take Apple at its word that it will in fact achieve that sales number. In the past, they’ve made good on their predictions. If anything they’ve made a tradition of making conservative estimates and then beaten them.”
“In Q2 2009, Apple should log 280 million dollars from its iPhone sales and 450 million dollars from its cell phone carriers, or 730 million dollars. That’s almost half of what their total earnings were last quarter. That says nothing about desktops, notebooks, software, and iPod sales. These deferred iPhone profits will keep snowballing. If the number of iPhones accelerates (as I expect over the next two years) and the profit margins improve, the iPhone contribution to the bottom line will be profound,” Rosenman writes.
Full article here.
[Thanks to MacDailyNews Reader “Gavin” for the heads up.]